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DEFT

DeFi Technologies Inc.

DEFT

DeFi Technologies Inc. • NASDAQ
$1.52 ▲ 9.35% (+0.13)
Market Cap $495.05 M
52w High $4.95
52w Low $0.91
Dividend Yield 0%
P/E 152
Volume 25.24M
Outstanding Shares 325.69M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $22.528M ▼ $13.496M ▼ $4.03M ▲ 17.889% ▲ $0.01 ▲ $5.08M ▲
Q2-2025 $36.859M ▲ $29.606M ▲ $-1.755M ▼ -4.762% ▼ $-0.005 ▼ $-773.786K ▼
Q1-2025 $33.937M ▲ $-14.419M ▼ $43.056M ▲ 126.87% ▼ $0.13 ▲ $44.835M ▲
Q4-2024 $-5.488M ▲ $112.593M ▲ $-136.273M ▼ 2.483K% ▲ $-0.447 ▼ $-135.313M ▼
Q3-2024 $-71.327M $-76.746M $24.911M -34.925% $0.08 $26.234M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $231.015M ▼ $1.202B ▲ $1.084B ▲ $116.327M ▲
Q2-2025 $279.896M ▼ $874.052M ▼ $805.199M ▼ $67.368M ▼
Q1-2025 $417.137M ▼ $1.04B ▼ $960.414M ▼ $77.58M ▲
Q4-2024 $551.183M ▲ $1.321B ▲ $1.298B ▲ $23.151M ▼
Q3-2024 $415.183M $687.568M $584.541M $103.028M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $3.985M ▲ $-6.589M ▼ $-36.242M ▼ $136.401M ▲ $88.698M ▲ $-6.606M ▼
Q2-2025 $-1.309M ▼ $-2.886M ▲ $-11.977M ▼ $26.909M ▼ $9.908M ▲ $-2.886M ▲
Q1-2025 $43.056M ▲ $-78.295M ▲ $-783K ▼ $75.764M ▼ $-2.927M ▼ $-78.295M ▲
Q4-2024 $-136.278M ▼ $-106.288M ▼ $14.229M ▲ $93.832M ▲ $2.222M ▲ $-106.288M ▼
Q3-2024 $24.911M $12.351M $0 $-11.083M $1.173M $12.351M

Five-Year Company Overview

Income Statement

Income Statement DeFi Technologies is still in an early, build‑out phase. Revenue has grown from almost nothing to a small but clearly rising level, and gross profit is positive, which means the core products can generate value once scaled. However, operating profit, EBITDA, and net income have all been negative for several years. Losses have narrowed somewhat more recently but the company remains meaningfully unprofitable. In simple terms, the business is spending more on operations, people, and growth than it is bringing in, which is typical for a young, high‑growth fintech, but it keeps financial risk elevated until scale is reached.

Balance Sheet

Balance Sheet The balance sheet shows a company that has bulked up its asset base over time, likely through investments, acquisitions, and product build‑out. Equity is positive but quite thin relative to total assets, which means the margin of safety is not large. Reported debt is low, but cash on hand is also modest, suggesting that a significant portion of assets are tied up in non‑cash holdings rather than in readily available liquidity. Overall, this is a growing but still fragile capital structure that depends on continued access to funding and improving profitability over time.

Cash Flow

Cash Flow Cash flow from operations has been consistently negative, and because capital spending is minimal, free cash flow is also negative in each reported year. This indicates the business is not yet self‑funding and needs external capital or asset monetization to support operations and growth. The direction of cash burn has improved compared with earlier years, but the company is still in a phase where execution and funding management are critical. Sustained progress in turning revenue growth into positive cash generation will be an important milestone to watch.

Competitive Edge

Competitive Edge Competitively, DeFi Technologies is positioning itself as a regulated gateway between traditional finance and decentralized finance. Its ETP platform in Europe, institutional trading operations, AI‑driven asset management, and advisory capabilities together create a broad ecosystem that few pure‑play competitors exactly match. Regulatory compliance, exchange listings, and high‑profile advisors help build trust, particularly with institutions. At the same time, the company operates in a highly competitive and fast‑moving space, facing pressure from large asset managers, crypto exchanges, and other fintechs. Its edge rests on execution, product breadth, and maintaining regulatory and institutional relationships in a volatile sector.

Innovation and R&D

Innovation and R&D Innovation is clearly a core focus. The company is pushing into a wide range of digital‑asset ETPs, including more complex products and thematic baskets, while also using AI for trading and asset management and exploring tokenization of real‑world assets and sovereign finance solutions. Staking and yield‑sharing add another layer of product creativity. This breadth of experimentation could create powerful advantages if these markets mature as expected, but it also adds execution and regulatory risk. Many of these initiatives are still in relatively early stages, so their eventual financial impact is uncertain.

Summary

DeFi Technologies is an early‑stage, high‑innovation financial firm trying to bridge traditional capital markets with the world of digital assets. The story today is one of small but fast‑growing revenue, ongoing operating losses, and steady cash burn, supported by a lean but positive equity base. On the strategic side, the company has built a differentiated, regulated platform with multiple business lines and ambitious global plans, which could be valuable if digital‑asset adoption continues to grow and regulators remain supportive. The flip side is meaningful financial, regulatory, and market‑cycle risk. Future outcomes will depend heavily on scaling assets in its ETPs, achieving durable profitability, and proving that its AI, DeFi, and tokenization initiatives can generate reliable, long‑term earnings and cash flow.

NEWS

November 26, 2025 · 7:30 AM UTC

DeFi Technologies Announces Landmark Milestone for Venture Portfolio Company Stablecorp as QCAD Becomes Canada's First Compliant CAD Stablecoin

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November 17, 2025 · 7:59 AM UTC

DeFi Technologies Announces Leadership Transition: Olivier Roussy Newton Resigns as CEO and Chairman; Co-Founder Johan Wattenström Appointed as Successor

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November 14, 2025 · 7:05 AM UTC

DeFi Technologies Inc. Announces Q3 2025 Financial Results: Revenues of $22.5 million, Operating Income of $9 million, and CEO Transition

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November 12, 2025 · 7:30 AM UTC

DeFi Technologies Announces Shareholder Call to Discuss Q3 2025 Financial Results

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November 6, 2025 · 7:30 AM UTC

DeFi Technologies Reports an Arbitrage Trade of $3.2 Million by DeFi Alpha

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